Friday, September 19, 2008

Orascom Construction Industries Wins First Contract

Arabian Sea Foundation Lands First Contract
MarketWatch - USA
Arabian Sea Foundation Lands First Contract for USD 150 million. Orascom Construction Industries (OCI) announced today that its newconstruction joint venture, "Arabian Sea Foundation" (1) based in AbuDhabi, UAE, in partnership with Hydra CommercialInvestments, Sorouh Real Estate PJSC (SOROUH.ADSM) and CapitalInvestment, landed its first construction contract worth USD 150million. ...

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